JPMorgan Chase & Co. Increases Stock Position in Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV)

JPMorgan Chase & Co. boosted its stake in Franklin U.S. Core Dividend Tilt Index ETF (NYSEARCA:UDIV) by 13.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,425 shares of the company’s stock after purchasing an additional 1,737 shares during the quarter. JPMorgan Chase & Co. owned about 0.96% of Franklin U.S. Core Dividend Tilt Index ETF worth $644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sanctuary Advisors LLC raised its stake in Franklin U.S. Core Dividend Tilt Index ETF by 22.5% in the third quarter. Sanctuary Advisors LLC now owns 38,197 shares of the company’s stock valued at $1,773,000 after purchasing an additional 7,011 shares in the last quarter. CreativeOne Wealth LLC raised its stake in Franklin U.S. Core Dividend Tilt Index ETF by 122.3% in the third quarter. CreativeOne Wealth LLC now owns 200,075 shares of the company’s stock valued at $8,930,000 after purchasing an additional 110,060 shares in the last quarter. Finally, Harbour Investments Inc. raised its stake in Franklin U.S. Core Dividend Tilt Index ETF by 58.1% in the third quarter. Harbour Investments Inc. now owns 8,033 shares of the company’s stock valued at $359,000 after purchasing an additional 2,953 shares in the last quarter.

Franklin U.S. Core Dividend Tilt Index ETF Price Performance

Shares of NYSEARCA UDIV opened at $46.45 on Tuesday. Franklin U.S. Core Dividend Tilt Index ETF has a one year low of $37.42 and a one year high of $47.90. The firm’s 50 day simple moving average is $46.31 and its two-hundred day simple moving average is $44.77. The stock has a market capitalization of $69.68 million, a P/E ratio of 22.65 and a beta of 1.01.

Franklin U.S. Core Dividend Tilt Index ETF Company Profile

Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the index. The index is based on the Morningstar® US Target Market Exposure Index (Parent Index) and is constructed by applying an optimization process to the Parent Index that aims to deliver a higher dividend yield than the Parent Index, while limiting expected tracking error to the Parent Index.